Goldman ban prompts Citigroup review

Citigroup will review its conflict-of-interest policy for investment bankers after Goldman Sachs Group Inc. barred some employees from owning individual securities, said a person with direct knowledge of the matter.

The bank also may consider how the rest of the industry reacts to Goldman Sachs’s decision before taking action, the person said.

Goldman Sachs, which previously required bankers to get approval before they could trade individual securities, told employees about the change on Sept. 26, a person with direct knowledge of the matter said at the time. Banks monitor staff investments to prevent insider trading and to counter claims that they put the interests of employees ahead of clients.